Real Vision analyst Jamie Coutts said the layer 1 cryptocurrency sector could see a huge rise in value due to artificial intelligence (AI) technology.
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“The total market value of smart contract platforms could reach $15 trillion to $25 trillion by 2030 due to the expanding use of AI agents.”
The analyst shares an excerpt from his company’s Pro-Crypto November 2023 report suggesting that AI will increase demand for on-chain verification and authentication services. The report also stated that human-directed or autonomous AI agents could significantly increase growth rates by exchanging value using smart contract platforms.
“This impact can be measured by incorporating an ‘AI growth factor’ that adds 10% to the annual growth rate from 2026. Although the effect may be minimal at first, by 2030 AI agents could account for more than 40% of total daily active users (DAU). This clearly creates somewhat astronomical valuations for blockchain assets, which will benefit from the transaction fees generated by an increasing number of AI agents.”
Coutts said that even if the report’s predictions are partially accurate, the combined market capitalization of smart contract platforms will still witness massive growth.
“Predictions based on historical regression do not hold indefinitely. The key is that as the network expands, the network value increases exponentially. Even if I’m 25% correct about where all this is going, it’s still 4x to 5x the current market cap level.”
As of this writing, the total market capitalization of top layer 1 cryptocurrency projects stands at $1.88 trillion, according to CoinGecko.
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